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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company with offshore licensed interests in Guyana, Namibia, and South Africa. The petroleum and natural gas interests of the Company are located offshore in Guyana, South Africa, and Namibia. In Guyana, the Orinduik block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers (km) offshore Guyana in the Suriname Guyana basin (Orinduik License). In Namibia, the Company holds four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration license number 097 (the Cooper License), petroleum exploration license number 098 (the Sharon License), petroleum exploration license number 099 (the Guy License) and petroleum exploration license number 100 (the Tamar License). In South Africa, it holds two offshore petroleum licenses in South Africa, being petroleum exploration license number 2B (the 2B Block) and petroleum exploration license number 3B/4B (the 3B/4B Block).


TSXV:EOG - Post by User

Comment by grh525on Mar 21, 2012 3:00pm
175 Views
Post# 19701572

RE: RE: pushing it back down

RE: RE: pushing it back down

Alim, with 30 years of experience you should know what top of the first inning means when it comes to a new area of oil development. At $1.20, EOG market cap is only $72 million, compare that to CGX Energy and AOI that are over $450 million. Sure traders will trade the stock but given the free float is low in comparison to most other stocks, once the story of offshore Namibia gets around, you are not going to get it this cheap - just look at recent activities there, last week BP farm in on some blocks, Chariot raise some money, VIK just bought some blocks, also see this article from yesterday - top of first inning does last too long:

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?s=EOG&t=LIST&m=30839481&l=0&pd=0&r=0

Also, when EOG releases GUY NI 51-101 that they are working on now, you could see another one day double like what happened with Sharon (if it's as good as Sharon or better).

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